If the competitive firm depicted in this diagram produces output Q, it will
A)suffer an economic loss.
B)earn a normal profit.
C)earn an economic profit.
D)achieve productive efficiency but not allocative efficiency.

Question

If the competitive firm depicted in this diagram produces output Q, it will
A)suffer an economic loss. 
B)earn a normal profit. 
C)earn an economic profit. 
D)achieve productive efficiency but not allocative efficiency.

Quizplus · Accepted Answer

The Answer of  If the competitive firm depicted in this diagram produces output Q, it will
A)suffer an economic loss. 
B)earn a normal profit. 
C)earn an economic profit. 
D)achieve productive efficiency but not allocative efficiency.

If the Competitive Firm Depicted in This Diagram Produces Output